As Mises relates in the present book, he had early on adopted the principle of never writing about the personal moral shortcomings of his opponents, of focusing instead on their intellectual errors in order to combat the latter more effectively.
In a market economy, whether it is domestic or international in scope, everyone's standard of living can rise at once.
Is there any reason a reader should place any more confidence in the work of an historian than in the work of an historical novelist? The answer is that everything depends on what historian we're talking about, what novelist we're talking about, and what kind of historical fiction we're talking about.
Bacevich concludes with several suggestions for changes in American foreign policy, and among these is one that is especially excellent: For the United States, abolishing nuclear weapons ought to be an urgent national security priority…
"The costs of an incorrect view of industrial history can be substantial."
Pages 92-98 in the text. Narrated by Jeff Riggenbach.
A strong central bank is the creator of, not the cure for, inflation and the business cycle.
